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Asia

US stocks today: US stocks close lower as oil prices jump, indexes notch monthly gains

Markets-Economic Times · 1h ago · 🇮🇳 India

US stocks today: US stocks close lower as oil prices jump, indexes notch monthly gains

US stocks declined on Monday as oil prices surged. This jump revived inflation concerns and increased monetary policy tightening expectations. Investors processed hawkish comments from Federal Reserve Chair Kevin Warsh. Despite the day's losses, major indexes posted monthly gains for August. Financial markets anticipate a potential rate hike at September's meeting.

Read the full story at Markets-Economic Times →

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